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Banking Awareness Quiz

1. What is a Debit Card
A)It is a card issued by rating agency
B)It is a card which carries prepaid balance
C)it is a card which can be used for making STD calls
D)It is a card which can be used for withdrawing cash or making payment if there is balance in the account

2.Which of the following is the instrument of payment called Plastic Money
A)Identity card
B)Plastic card
C)Debit card
D)Banker’s cheque

3.Which one of the following is not a salient feature of Debit Card ?
A)No bad debts to banks and no suits for recovery
B)No interest for Banks
C)Works like a normal withdrawal
D)45 days credit is given to the card holder

4.Prepaid Debit cards are also called
A)Reloadable Debit Cards
B)Lodable Debit Cards
C)Relational Debit cards
D)Regular Debit cards

5.Rupay Debit cars is similar to
A)Singapore’s NETS
B)China’s UnionPay
C)Both of the above
D)None of the above

6.What does the cirrus logo on ATM/debit cards signifies ?
A)have cash access facility inside the India only
B)have cash access facility outside the India only
C)have cash access facility anywhere in India only
D)have cash access facility in and outside the India

7.Which card is known as Check card
A)Debit card
B)Credit card
C)Both of the above
D)None of the above

8.Union Pay debit card is concerned with which among the following country :
A)China
B)Nepal
C)India
D)Pakistan

9.Which one of the following is a Credit Card Association ?
A)India Card
B)Master Card
C)SBI Card
D)City Banks Cards

10.Issuing credit cards is a component of ?
A)Corporate banking
B)Rural banking
C)retail banking
D)Micro finance

 

ANSWER:-

1)D)It is a card which can be used for withdrawing cash or making payment if there is balance in the account
2)C)Debit card
3)D)45 days credit is given to the card holder
4)A)Reloadable Debit Cards
5)C)Both of the above
6)D)have cash access facility in and outside the India
7)A)Debit card
8)A)China
9)B)Master Card
10)A)Corporate banking

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